other bidder assessment, page-18

H,

I failed to mention Kogas.

Some months ago it was mooted in the press that Kogas may be looking to lay off its interest in GLNG. Kogas has bought into shale gas to LNG in British Columbia and has minor interests in Queensland apart from GLNG.

I was certain GLNG would be the bidder for ESG. It may well be that it's technically simpler for STO to acquire ESG as opposed to the partners. Not sure.

This whole ESG kerfuffle has me flumoxed!

I assume STO would have struck a deal with Total and Kogas regarding ESG as it's inconceivable ESG was not considered when the deals were struck.

Alternatively, Kogas may have broken camp with GLNG. Why else would they try to flip their GLNG interest.

Seems far fetched, but has Kogas teamed up with another party in order to take a bigger interest in a potential project?

BP has been very quiet in eastern Australia. They had some involvement with MEL some years ago but not sure about the history there. They are involved in the LNG producing NWS JV and Browse.

BP has the 150MW Solar project to be built in Moree NSW. The sun doesn't shine 24 hours a day, so gas fields in the same area may be of interest.

BP has extensive unconventional gas interests in the USA.